East Coast Marijuana Market Could Rival Colorado’s in Coming Years

The cannabis industry in the U.S. has long been centered around states like Colorado and Oregon, but now, marijuana sales in Illinois and its neighboring states east of the Mississippi River are poised to rival those out west.

The U.S. cannabis market is staring down massive growth, with sales that are expected to reach $22.7 billion by 2023, including $16.8 billion in recreational sales, according to a report out Tuesday from Chicago-based cannabis research firm Brightfield Group. Political support is growing around legalization efforts, and medical programs are expanding around the country. Continue reading “East Coast Marijuana Market Could Rival Colorado’s in Coming Years”

More Seniors Seek Marijuana for Age-Related Aches

The group of white-haired folks — some pushing walkers, others using canes — arrive right on time at the gates of Laguna Woods Village, an upscale retirement community in the picturesque hills that frame this Southern California suburb a few miles from Disneyland.

There they board a bus for a quick trip to a building that, save for the green Red Cross-style sign in the window, resembles a trendy coffee bar. The people, mostly in their 70s and 80s, pass the next several hours enjoying a light lunch, playing a few games of bingo and selecting their next month’s supply of cannabis-infused products. Continue reading “More Seniors Seek Marijuana for Age-Related Aches”

ZipRecruiter CEO Says Cannabis Is Fastest Growing Job Category

The head of a leading firm that connects businesses with job seekers says that employment in the legal marijuana industry is growing faster than any other field.

“You know what the fastest-growing job category in the United States is?” ZipRecruiter.com co-founder and CEO Ian Siegel asked. “Marijuana.”

Continue Reading… Continue reading “ZipRecruiter CEO Says Cannabis Is Fastest Growing Job Category”

Aurora Cannabis To Buy CanniMed Therapeutics For $1.1 Billion

Aurora Cannabis Inc. has struck a friendly deal valued at $1.1 billion to buy rival licensed producer CanniMed Therapeutics Inc., ending a hostile takeover battle between the Canadian marijuana companies.

“We are very pleased to have come to terms with CanniMed on this powerful strategic combination that will establish a best-in-class cannabis company with operations across Canada and around the world,” Aurora chief executive Terry Booth said. Continue reading “Aurora Cannabis To Buy CanniMed Therapeutics For $1.1 Billion”

Aurora Cannabis Looks To Make $3 Billion Merger With CanniMed Therapeutics

Look out, Canopy Growth Corporation. Your reign as the pure-play marijuana stock with the highest market cap might not last for long.

On Tuesday, Aurora Cannabis announced that it had submitted a proposal to acquire all shares of another Canadian marijuana grower, CanniMed Therapeutics. Aurora is offering to buy CanniMed, which trades on the Toronto Stock Exchange, for $24 per share. Continue reading “Aurora Cannabis Looks To Make $3 Billion Merger With CanniMed Therapeutics”

Netflix Hops Into Cannabis Selling Promotional Strains Based on Their Shows

After almost two decades, Netflix has decided to dive into the marijuana industry by selling a few of its own strains of weed. According to Variety, the streaming giant is gearing up to offer a number of boutique marijuana strains in West Hollywood, California. These various strains of weed are marketed toward enhancing the experience of settling into the couch for a night of Netflix and chill. Continue reading “Netflix Hops Into Cannabis Selling Promotional Strains Based on Their Shows”

World’s First Cannabis Gym Set to Open This Fall in San Francisco

A San Francisco gym slated to open this fall will encourage clients to use cannabis as part of their fitness routine.

Power Plant Fitness clients will have the option to bring their own cannabis or order edibles, the gym’s preferred form of cannabis, while they are at the gym. A delivery service will bring desired edibles to the gym within 15 minutes after clients place orders, owner Jim McAlpine told USA TODAY. Adult-use, recreational marijuana is legal in California, but only dispensaries can sell it. Continue reading “World’s First Cannabis Gym Set to Open This Fall in San Francisco”

Report Predicts Beer Industry Losing $2 Billion in Sales Due to Legal Cannabis

Beer sales could take a huge hit if more states legalize recreational marijuana. A new report from Cannabiz Consumer Group (C2G) predicts that the beer industry could lose more than $2 billion in retail sales due to legal marijuana. Continue reading “Report Predicts Beer Industry Losing $2 Billion in Sales Due to Legal Cannabis”

Sapphire Risk Advisory Group Selected as the Security Consultant for the Florida Cannabis Coalition

Sapphire Risk Advisory Group, with Years of Experience in the Cannabis Industry, has been Selected as the Security Consultant for the Florida Cannabis Coalition.

TAMPA, Fla. – Feb. 7, 2017 – PRLog — Sapphire Risk Advisory Group has been selected as the security consultant for the Florida Cannabis Coalition. Continue reading “Sapphire Risk Advisory Group Selected as the Security Consultant for the Florida Cannabis Coalition”

First Marijuana Inhaler to Hit the Israeli Market Through Big Pharma Company

The catch, however, is that the product will be sold only in Israel, where pharmaceutical company Teva Pharm signed an agreement to market a medical marijuana inhaler previously used in a hospital, Reuters reported. Continue reading “First Marijuana Inhaler to Hit the Israeli Market Through Big Pharma Company”